Rishabh Instruments Ltd IPO
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Rishabh Instruments Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 112.22 L | ₹ 94.28 L | ₹ 39.28 L | ₹ 162.62 L | BSE | ₹ 490.78 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Aug, 23 | 01 Sep, 23 | 34 | ₹ 14,212 | Book Building | 11 Sep, 23 |
Rishabh Instruments Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Electric Equipment |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 5611218 | 0 |
| NII | 0x | 1683365 | 0 |
| Retail | 0x | 3927853 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 11222436 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rishabh Instruments Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 689.75 | 569.54 | 470.25 |
| EBITDA | 60.91 | 43.45 | 30.64 |
| PAT | 32.38 | 18.68 | 10.28 |
| Total Assets | 259.24 | 174.72 | 153.42 |
| Share Capital | 38.21 | 29.25 | 14.63 |
| Total Borrowings | 18.94 | 35.49 | 37.30 |
| Operating Activities (Net Cash) | 42.37 | 28.28 | 18.42 |
| Investing Activities (Net Cash) | 105.99 | 88.01 | 80.96 |
| Financing Activities (Net Cash) | 18.94 | 35.49 | 37.30 |
| Net Cashflow | 123.67 | 43.34 | 61.00 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Rishabh Instruments Ltd
Rishabh Instruments Limited was incorporated as Rishabh Instruments Private Limited, a private limited company, under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 6, 1982, granted by the Registrar of Companies, Maharashtra at Mumbai (ROC). Pursuant to the conversion of the Company into a public limited company and as approved by its Board on September 8, 2022, and a special resolution passed by its Shareholders at the extra-ordinary general meeting on September 13, 2022, the name of the Company was changed to Rishabh Instruments Limited and the RoC issued a fresh certificate of incorporation on September 22, 2022.
The global electrical automation market is valued at USD 147.5 billion in 2022 and is expected to reach USD 215.1 billion by 2027. The global metering, control and protection devices market is estimated at USD 34.08 billion in 2022 and is expected to reach USD 43.04 billion by 2027. The market for portable test and measurement equipment is expected to grow at 5.1% and reach USD 6.6 billion by 2027. For solar string inverters, global revenue is expected to increase from USD 4.3 billion in 2022 to USD 6.6 billion in 2027, at a CAGR of 9.1%.
Rishabh Instruments Limited is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors. The Company is a vertically integrated player involved in designing, developing, manufacturing and supplying electrical automation devices; metering, control and protection devices; portable test and measuring instruments; and solar string inverters. In addition, It manufactures and supplies aluminium high pressure die casting through its Subsidiary, Lumel Alucast. It also provides certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).
Peer Comparison:
- No Listed Industry Peers
Rishabh Instruments Ltd IPO Key Points
Strengths
- Ability to drive technology and innovation through advanced research and development capabilities;
- Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;
- Vertically integrated operations, backed by strong manufacturing capabilities;
- Diversified product portfolio;
- Wide customer base;
Risk
- The company business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company manufacturing operations could have an adverse effect on its business, financial condition and results of operations.
- The company propose to utilise a substantial portion of the Net Proceeds of the Offer towards its Expansion Project and the company efforts to expand its production capabilities are subject to delays, cost overruns, and other risks and uncertainties.
- If the company fail to effectively implement its production schedules, the company business and results of operations may be materially and adversely affected.
Strategy
- Enhance product innovation, engineering and design competence while focussing on higher value addition
- Expanding geographical footprint
- Continue to pursue its strategy for inorganic growth
- Target new customers and expand existing customer accounts
- Explore opportunities to tap emerging products and services segments
- Ability to drive technology and innovation through advanced research and development capabilities;
- Global engineering solution provider operating in large addressable markets and well positioned to benefit from mega industrialisation trends;
- Vertically integrated operations, backed by strong manufacturing capabilities;
- Diversified product portfolio;
- Wide customer base;
How To Apply for Rishabh Instruments Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
